Report Update Feb 1, 2025

Northern America - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size in Northern America

The North American non-metal permanent magnet market totaled $X in 2021, approximately equating the previous year. In general, consumption recorded a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Non-Metal Permanent Magnet Production in Northern America

In value terms, non-metal permanent magnet production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 43%. The level of production peaked at $X in 2020, and then shrank in the following year.

Non-Metal Permanent Magnet Exports

Exports in Northern America

In 2021, shipments abroad of non-metal permanent magnets increased by 11% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by 13% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-metal permanent magnet exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the key exporting country with an export of around X tons, which amounted to 65% of total exports. It was distantly followed by Canada (X tons), generating a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +2.4%).

In value terms, the United States ($X) remains the largest non-metal permanent magnet supplier in Northern America, comprising 83% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -2.2%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, declining by -4% against the previous year. Overall, the export price, however, showed strong growth. The growth pace was the most rapid in 2019 an increase of 34% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.2%).

Non-Metal Permanent Magnet Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of non-metal permanent magnets, when their volume increased by 12% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-metal permanent magnet imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible descent. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the key importing country with an import of about X tons, which reached 84% of total imports. It was distantly followed by Canada (X tons), mixing up a 16% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of non-metal permanent magnets. Canada (-2.3%) illustrated a downward trend over the same period. The United States (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported non-metal permanent magnets in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -3.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 5.9% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-metal permanent magnets in Northern America?

The country with the largest volume of non-metal permanent magnet consumption was the United States, comprising approx. 88% of total volume. Moreover, non-metal permanent magnet consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, sevenfold.

What are the largest producers of non-metal permanent magnets in Northern America?

The country with the largest volume of non-metal permanent magnet production was the United States, accounting for 89% of total volume. Moreover, non-metal permanent magnet production in the United States exceeded the figures recorded by the second-largest producer, Canada, eightfold.

What are the leading exporters of non-metal permanent magnets in Northern America?

In value terms, the United States remains the largest non-metal permanent magnet supplier in Northern America, comprising 79% of total exports. The second position in the ranking was occupied by Canada, with a 21% share of total exports.

What are the leading importers of non-metal permanent magnets in Northern America?

In value terms, the United States constitutes the largest market for imported non-metal permanent magnets in Northern America, comprising 79% of total imports. The second position in the ranking was occupied by Canada, with a 21% share of total imports.

What is the average export price for non-metal permanent magnets in Northern America?

In 2020, the non-metal permanent magnet export price in Northern America amounted to $10 per unit, waning by -10.9% against the previous year.

What is the average import price for non-metal permanent magnets in Northern America?

In 2020, the non-metal permanent magnet import price in Northern America amounted to $9.5 per unit, shrinking by -7.1% against the previous year.

This report provides an in-depth analysis of the non-metal permanent magnet market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024